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@EU_Commission presented its #ownresources proposal today. It lays out 3 new revenue streams to:
- repay EU debt #NextGenerationEU
- finance the #SocialClimateFund
A short thread on what it means for #EUETS contributions based on some initial rough calculations 🧵1/13
- repay EU debt #NextGenerationEU
- finance the #SocialClimateFund
A short thread on what it means for #EUETS contributions based on some initial rough calculations 🧵1/13
First things first. 3 proposed new revenue streams are:
- 25% ETS (1+2) revenues: ~12.5b/y
- 75% CBAM revenues: ~0.8b/y
- 15% residual profits from large, profitable multinational enterprises: ~2.5-4b/y
2/13
ec.europa.eu/info/publicati…
- 25% ETS (1+2) revenues: ~12.5b/y
- 75% CBAM revenues: ~0.8b/y
- 15% residual profits from large, profitable multinational enterprises: ~2.5-4b/y
2/13
ec.europa.eu/info/publicati…
On #CBAM, this was obviously expected; still disappointing. Many (including @e3g) argue that revenues should flow back to vulnerable #LDCs through adaptation and mitigation finance.
@Europarl_EN also seems keen on this @MChahim @kvanbrempt @MalinBjork_EU @KarinKarlsbro 3/13
@Europarl_EN also seems keen on this @MChahim @kvanbrempt @MalinBjork_EU @KarinKarlsbro 3/13
What’s next in the adoption of EU budget, notably of its #RuleofLaw Regulation, following #EUCO?
(Spoiler: More, much more than is currently reported)
THREAD #MFF #NextGenerationEU
(Spoiler: More, much more than is currently reported)
THREAD #MFF #NextGenerationEU
Although #EUCO conclusions on RoL Regulation are a political document, they’re legally relevant as they might potentially (yet illegally) amend the new #ruleoflaw mechanism.
For this they must however be ‘transposed’ by Commission & Parliament
verfassungsblog.de/to-save-the-ru…
2/
For this they must however be ‘transposed’ by Commission & Parliament
verfassungsblog.de/to-save-the-ru…
2/
Here’s a preview of Parliament’s draft resolution to be adopted this week opposing #EUCO attempt at amending the RoL Regulation.
No reference to motion of censure against @vonderleyen but antagonistic tone against Commission is unprecedented 3/
No reference to motion of censure against @vonderleyen but antagonistic tone against Commission is unprecedented 3/
